PSTAKE Incentive Program February 2024

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A summary of PSTAKE incentives allocated to various protocols for sustainably growing stkToken liquidity and utility across Cosmos and BNB Chain for February 2024.


The pSTAKE Incentive Program gives pSTAKE users holistic, forward-looking insights into PSTAKE incentives on various DeFi integrations across Cosmos, Osmosis, dYdX, and BNB Chain. The majority of incentives currently are allocated for liquidity provisioning of stkTokens. LSTs (Liquid Staking Tokens) are powerless without deep liquidity against their base tokens. This is essential to meet the actual premise of liquid staking, liquefying a staked position.

February 2024: PSTAKE Incentive Programme

The pSTAKE Incentive Programme seeks to encourage the usage of stkBNB, stkATOM, stkOSMO, and stkdYdX (to be launched soon) in DeFi applications such as lending and borrowing, stablecoin collateralization, and so on, while also making adequate provisions to ensure deep liquidity for them in their respective ecosystems.

The February 2024 summary table shows the incentives given to different protocols in Cosmos and BNB Chain ecosystems.

ProtocolEcosystemDeFiPSTAKE Incentive
Dexter – stkATOM/ATOM PoolCosmosDEX150k PSTAKE
Dexter stkdYdX/dYdX PoolCosmosDEX300k PSTAKE
Osmosis – stkOSMO/OSMO PoolCosmosDEX200k PSTAKE
ShadeSwap – stkATOM/ATOM PoolCosnosDEX5k PSTAKE
ShadeSwap – stkATOM/SILK PoolCosmosDEX5k PSTAKE
Thena- stkBNB/BNB PoolBNB ChainDEX110k PSTAKE
Total770k PSTAKE
PSTAKE Incentives Program February 2024


pSTAKE on Cosmos

stkATOM has over $7.4 million in liquidity on various DEXs within the Cosmos ecosystem, such as Dexter, Osmosis, Astroport, and ShadeSwap. Around 53% of that liquidity exists on Dexter, the perfect fit for stkATOM liquidity due to its highly efficient Metastable pool offering. By being on the Persistence chain, Dexter gives pStakers the best LSTfi experience in the Cosmos ecosystem. Liquid staking on pSTAKE and providing liquidity on Dexter takes only two transactions, saving time and effort. stkATOM liquidity is also incentivized on the other DEXs that offer a unique proposition for stkATOM utility.

The incentives for stkATOM liquidity aim to sustainably deepen the token liquidity to make stkATOM more integrated into the Cosmos DeFi Ecosystem.

pSTAKE on BNB Chain

stkBNB has about $1 M in liquidity on DEXs such as Thena and PancakeSwap. Diverse stkBNB liquidity helps cater to all user types, efficient trading activity, and peg maintenance.

The incentives for stkBNB liquidity aim to maintain the current liquidity as stkBNB becomes more integrated into the BNB Chain DeFi Ecosystem.


Liquidity staking unlocks the liquidity of staked tokens & use cases in DeFi. stkTokens are nothing without liquidity against their underlying base token. The pSTAKE team will indefinitely provide guidance into where this liquidity and DeFi utility will exist, along with the PSTAKE incentives for achieving it. The PSTAKE Incentive Program blog posts give forward-looking insights into $PSTAKE incentives for the upcoming/current month.

About pSTAKE

pSTAKE is a multi-chain liquid staking protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets to earn staking rewards, and receive staked underlying representative tokens (stkASSETs) which can be used to explore additional yield opportunities across DeFi.

At present, pSTAKE supports Binance Chain (BNB), Cosmos (ATOM), and Osmosis (OSMO) networks’ native tokens, with a view to support more chains and assets in the future.

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